Is Anderson Island, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson Island is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Anderson Island has remained a Buyer's Market.

Key Takeaway

Anderson Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Anderson Island, WA

How much do homes in Anderson Island, WA cost?

Median Sold Price

$440,000

$316/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$35,000(-7.4%)

Key Takeaway

Homes in Anderson Island have sold for 7.4% less than they did a month ago.

Summary: The median home sold price in Anderson Island was $440,000 in June 2024, down 7.4% from last month, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 -$250K
N/A
2 $389K$479K
+23.1%
3 $621.2K$440K
-29.2%
4 --
N/A
5+ --
N/A

Summary: Anderson Island housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Anderson Island, WA

How many homes are available in Anderson Island, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3136+16.1%

Summary: The Anderson Island real estate market had 36 homes for sale in June 2024, a 16.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 1315
+15.4%
3 1314
+7.7%
4 35
+66.7%
5+ 11
0.0%

Summary: The Anderson Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anderson Island, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Anderson Island in June 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Anderson Island, WA

How long does it take to sell a home in Anderson Island, WA?

Average Sale Time

May 2024Jun 2024CHANGE
16 Days10 Days-38.0%

Summary: Homes in Anderson Island had an average of 10 days on market in Jun 2024, down by 38% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anderson Island are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 3 homes were sold in Anderson Island; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Anderson Island, WA

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